Latest Articles

  • AICPA Reiterates Call to Except All IRS Workers During the Government Shutdown

    By:
    Karen Sibayan
    |
    Oct 6, 2025

    On Oct. 3, the AICPA is reiterated its call to except 100 percent of IRS workers for the duration of the shutdown. This call goes beyond the five days that have already been authorized in the tax agency’s contingency plan. This call from the AICPA is coming just two weeks until the tax filing deadline for C-corporations and individuals who asked for a filing extension.

  • Regulatory Roundup: Sept. 30 - Oct. 6

    By:
    Karen Sibayan
    |
    Oct 6, 2025
    With so many regulators out there, it can be tough to keep track of all the decisions being made. This is the NYCPA's regular series that collects relevant regulatory announcements from the past week and puts them in one place to help you stay on top of the issues.
  • IRS Extends Feedback Period on Form 6765 Instructions

    By:
    Emma Slack-Jorgensen
    |
    Oct 3, 2025
    The IRS is giving taxpayers and practitioners more time to weigh in on the draft instructions for Form 6765, which is used to claim the research credit. 
  • FASB Issues Update on Derivatives Scope and Share-Based Consideration

    By:
    Emma Slack-Jorgensen
    |
    Oct 2, 2025
    The FASB has issued a new Accounting Standards Update that responds to concerns from stakeholders about how derivatives guidance applies in practice and how share-based non cash consideration from customers should be accounted for
  • PCAOB Offers Guidance for Auditors Applying the Audit Evidence Standard

    By:
    Karen Sibayan
    |
    Oct 2, 2025
    On Oct. 1, the PCAOB published new staff guidance to assist auditors who are implementing paragraph .10A of AS 1105, Audit Evidence, according to a release.
  • SEC Order Lowers Operating Consolidated Audit Trail Costs

    By:
    Karen Sibayan
    |
    Oct 1, 2025
    The SEC on Sept 30 released an order letting the self-regulatory organizations participating in the CAT NMS Plan to quickly and significantly reduce the operating costs of the consolidated audit trail while maintaining core regulatory functionality.
  • FASB Solicits Comments on Proposed Guidance on Initial Measurement of PIKs

    By:
    Karen Sibayan
    |
    Oct 1, 2025
    On Sept. 30,FASB released a proposed Accounting Standards Update (ASU) offering authoritative guidance on how issuers should initially measure paid-in-kind dividends on equity-classified preferred stock.
  • Atkins: SEC to Speed Up Trump's Quarterly Reporting Rollback

    By:
    Karen Sibayan
    |
    Sep 30, 2025
    The SEC is set to fast track President's Donald Trump's proposal to allow firms to report on a semi-annual basis, instead of quarterly company reports.
  • PCAOB Highlights Academic Research at Two-Day Conference

    By:
    Emma Slack-Jorgensen
    |
    Sep 30, 2025
    The Public Company Accounting Oversight Board (PCAOB) recently co-hosted a two-day conference in Washington D.C., together with the journal Management Science. 
  • FASAB Issues Clarifications on Government Land Accounting

    By:
    Emma Slack-Jorgensen
    |
    Sep 29, 2025
    The Federal Accounting Standards Advisory Board (FASAB) has released new guidance to clarify how federal land should be accounted for and reported in financial statements.